Author Archives for Mark Scheets

Excessive Loans? When Refinancing Your Home to Free up Cash Makes Sense

September 5, 2014 9:17 am Published by Leave your thoughts

To some homeowners, the idea of refinancing their mortgage seems a little daunting. The process is akin to buying your house all over again. Paperwork, credit checks, an appraisal, and closing costs are all aspects of the loan origination process that can complicate the answer to whether refinancing makes sense. For those unfamiliar with the term, refinancing simply... View Article

When buying a house, should I use my gross income or net income to determine what I can afford?

September 3, 2014 2:04 pm Published by 2 Comments

There’s a big difference between your gross income and your net income. Your gross income is the money you earn each month before taxes are removed. Your net income is that same income after taxes are removed. No surprise, your net monthly income is usually much lower than your gross monthly income. When it’s time to buy... View Article

4 Questions to Ask Before You Refinance

September 3, 2014 12:01 pm Published by Leave your thoughts

Refinancing may sound like a good idea when mortgage rates decrease. It’s a chance to get a better loan and a cheaper rate. Many banks encourage refinancing, but getting a new mortgage doesn’t make sense financially for everyone. So, before you jump on the bandwagon and apply for a new mortgage to replace your existing one, here are... View Article

Bridgeport, Connecticut Mortgage Rates and Real Estate Overview

August 29, 2014 11:30 am Published by Leave your thoughts

Bridgeport, Connecticut has long been associated with manufacturing and its proximity to the New York City area. Bridgeport enjoyed early success driven by the shipbuilding and whaling industries due to its centralized location on the Long Island Sound. Bridgeport became a significant manufacturing center on the East Coast. De-industrialization occurred in the 1970’s and 1980’s and the result... View Article

Increasing Home Value Part 3: Why You Should Consider Paying Off Your Mortgage Early

August 28, 2014 9:40 am Published by Leave your thoughts

If you want to make some headway with your personal finances, you may want to make plans to repay your debts. When we talk about debt, most of the time we’re referring to the “bad” kind: student loans with balances greater than your annual salary, or consumer credit card debt. But there’s “good” debt, too. That’s what your... View Article